Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its position in Victory Capital Holdings, Inc. (NASDAQ:VCTR) by 58.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,884 shares of the company’s stock after purchasing an additional 13,295 shares during the quarter. Deutsche Bank AG owned about 0.06% of Victory Capital worth $2,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of Victory Capital by 46.8% in the fourth quarter. Bank of America Corp DE now owns 1,438,413 shares of the company’s stock valued at $94,159,000 after acquiring an additional 458,534 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Victory Capital in the fourth quarter valued at approximately $17,755,000. TimesSquare Capital Management LLC boosted its holdings in shares of Victory Capital by 20.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company’s stock valued at $63,899,000 after acquiring an additional 166,265 shares in the last quarter. Bahl & Gaynor Inc. boosted its holdings in shares of Victory Capital by 10.9% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company’s stock valued at $101,949,000 after acquiring an additional 153,459 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of Victory Capital by 99.1% in the fourth quarter. Royce & Associates LP now owns 278,683 shares of the company’s stock valued at $18,243,000 after acquiring an additional 138,700 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Victory Capital Trading Down 0.5%

Victory Capital stock opened at $61.37 on Friday. The company has a 50 day moving average price of $58.58 and a 200 day moving average price of $62.85. Victory Capital Holdings, Inc. has a 52 week low of $43.82 and a 52 week high of $73.42. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 0.55 and a beta of 1.05.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings data on Thursday, May 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.02). Victory Capital had a return on equity of 31.08% and a net margin of 32.33%. The firm had revenue of $219.60 million during the quarter, compared to analyst estimates of $226.38 million. During the same period in the prior year, the business posted $1.25 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Research analysts forecast that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be paid a $0.49 dividend. This is a positive change from Victory Capital’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.96 dividend on an annualized basis and a yield of 3.19%. Victory Capital’s dividend payout ratio (DPR) is currently 43.65%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VCTR shares. JPMorgan Chase & Co. reduced their target price on shares of Victory Capital from $69.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. B. Riley raised their target price on shares of Victory Capital from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Wall Street Zen cut shares of Victory Capital from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America reduced their target price on shares of Victory Capital from $89.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Finally, BMO Capital Markets raised their target price on shares of Victory Capital from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Victory Capital currently has an average rating of “Moderate Buy” and a consensus target price of $71.56.

Victory Capital Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.